I believe that scenario totally depends upon OPEC's ability to keep prices artificially high by limiting production of its vast supplies of oil.

I remember a few short years ago when fracking was dominating the news about oil supply all the talk from the Middle East producers were about just that...limiting production in order to "break the backs" of all the American wildcat frackers,

I guess with a President in office who seems to want prices to go through the roof, its much easier for them to do just that.